Common use of QNEC in ACP test Clause in Contracts

QNEC in ACP test. The Plan Administrator may not use in the ADP test or take into account in determining the Plan's Representative Contribution Rate, any QNEC the Plan Administrator applies to the ACP test.

Appears in 4 contracts

Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Profit Sharing Plan (Nci Building Systems Inc)

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QNEC in ACP test. The Plan Administrator may not use in the ADP test or take into account in determining the Plan's ’s Representative Contribution Rate, any QNEC the Plan Administrator applies to the ACP test.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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